May finished with 49 closed sales in North Redondo Beach making it the best month so far in 2017 and brining the total closed sales in 2017 to 189. Scroll down to the bottom of this article to view all the sold properties in detail with full MLS descriptions and multiple pictures.
Here's the YTD recap by month:
- January 23
- February 33
- March 41
- April 43
- May 49
So before we start writing headlines that "sales are up 15%" let's take a step back for a second and look a little more closely at the data.
Last year Jan-May there were 193 closed escrows in North Redondo. During May there were 51 closed sales. So for the same period, just a few less sales which can be a timing issue.
For the first five months of 2016 the average sales price in 90278 was $914,220 and the median was $878,250. The average days on market was 40. The highest priced home sold during that period in 2016 was $1,699,000 and the lowest was $319,000.
During the first five months of 2017, the average sales price was $957,496 and the median was $927,500. The highest priced home was $1,725,000. Coincidentally the average days on market was 40.
I'm sure the same numbers that jump out at me catch your attention. Compared to the same period last year both the average and median are up around $50K. That $50K as a percentage may be "only" around 5% but I'm going to guess that as a Seller you would rather have $50K than not. And in some cases, as I will discuss below, a lot more than $50K. Of course as a Buyer this can't be too encouraging.
Before we take a deeper look at North Redondo Sales in May here's what the other Beach Cities looked like: